Revolut
Author
Discussion

sherbertdip

Original Poster:

1,288 posts

149 months

Thursday 29th February 2024
quotequote all
I normally send money to companies in the Eu using Wise, however this time they will not send to a companies bank, I'm thinking of using Revolut, but I note they are NOT FCA regulated, are they trustworthy?

monkfish1

12,413 posts

254 months

Thursday 29th February 2024
quotequote all
sherbertdip said:
I normally send money to companies in the Eu using Wise, however this time they will not send to a companies bank, I'm thinking of using Revolut, but I note they are NOT FCA regulated, are they trustworthy?
A complete shower in my experience.

If it works, it works, when it doesnt, tough luck. Nothing is resolvable. It is simply not possible to speak to a human. IT side flaky.

Theres a reason their attempts to persuade the regulators to become a bank were not succesful.

CLK-GTR

1,762 posts

275 months

Thursday 29th February 2024
quotequote all
Yes. They have the same e-money FCA licence as Wise, they just don't have a full banking licence yet (they do in Europe).

Personal opinion, they're about as reliable as each other though Revolut customer service is awful unless youre on a paid account. I'd not keep my life savings in either but they are perfectly safe for most transactions.

MisanoPayments

602 posts

72 months

Thursday 29th February 2024
quotequote all
They have many thousands of clients who use them daily. Some of my clients use them, Wise & Starling etc for "walkaround" money transfers but then my services for larger ad-hoc sums that they'd prefer to not send through a phone app.